Journeo (LSE:JNEO) Cash-to-Debt : 6.89 (As of Dec. 2023)

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What is Journeo Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Journeo's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.89.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Journeo could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Journeo's Cash-to-Debt or its related term are showing as below:

LSE:JNEO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.63 Max: No Debt
Current: 6.89

During the past 13 years, Journeo's highest Cash to Debt Ratio was No Debt. The lowest was 0.18. And the median was 0.63.

LSE:JNEO's Cash-to-Debt is ranked better than
76.38% of 1067 companies
in the Business Services industry
Industry Median: 0.98 vs LSE:JNEO: 6.89

Journeo Cash-to-Debt Historical Data

The historical data trend for Journeo's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Journeo Cash-to-Debt Chart

Journeo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.39

0.76

0.51

0.18

6.89

Journeo Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.51	0.59	0.18	7.71	6.89

Competitive Comparison of Journeo's Cash-to-Debt

For the Security & Protection Services subindustry, Journeo's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Journeo's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Journeo's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Journeo's Cash-to-Debt falls into.

Journeo Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Journeo's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8.116	/	(0.259	+	0.919)
	=	6.89

Journeo's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8.116	/	(0.259	+	0.919)
	=	6.89

Journeo (LSE:JNEO) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Journeo Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Journeo's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Journeo (LSE:JNEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Journeo PLC (LSE:JNEO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Charter Point Way, Ashby-de-la-Zouch, Leicestershire, GBR, LE65 1NF

Website

https://www.journeo.com

Journeo PLC is an information systems and technical services business focused on delivering public transport and related infrastructure solutions to its customers. The company operates through two business segments: Fleet Systems and Passenger Systems. The Fleet Systems segment includes video surveillance to improve passenger and driver safety, vehicle and driver performance monitoring, and automatic passenger counting whereas the Passenger Systems segment includes the hardware and software for electronic passenger information systems, off-vehicle smart ticketing, and wayfinding. The company operates in two geographical divisions; the United Kingdom and the International includes Scandinavia, Other EU, and Non-EU, and a majority of the company's revenue comes from the United Kingdom.

Journeo (LSE:JNEO) Headlines

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